Michigan Compiled Laws § 500.3945 Violation; Penalty.

500.3945 Violation; penalty.

Sec. 3945.

In addition to any other penalties provided by the laws of this state, any insurer and any agent found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to 3 times the amount of any commissions paid for each policy involved in the violation or up to $10,000.00, whichever is greater.

History: Add. 1992, Act 84, Imd. Eff. June 2, 1992
Popular Name: Act 218

Section: Previous  500.3933  500.3935  500.3937  500.3939  500.3941  500.3941a  500.3942  500.3942a  500.3943  500.3945  500.3949  500.3951  500.3953  500.3955    Next

Last modified: October 10, 2016